Millennium Other Current Assets from 2010 to 2024

MGIH Stock   1.38  0.02  1.43%   
Millennium Group's Other Current Assets are decreasing with very volatile movements from year to year. Other Current Assets are estimated to finish at about 998.6 K this year. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
2010-12-31
Previous Quarter
711.8 K
Current Value
998.6 K
Quarterly Volatility
224.4 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Millennium Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Millennium main balance sheet or income statement drivers, such as EBIT of 216.3 K, Net Income Applicable To Common Shares of 4.3 M or Depreciation And Amortization of 1.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.56, Dividend Yield of 0.2 or PTB Ratio of 0.95. Millennium financial statements analysis is a perfect complement when working with Millennium Group Valuation or Volatility modules.
  
This module can also supplement various Millennium Group Technical models . Check out the analysis of Millennium Group Correlation against competitors.

Latest Millennium Group's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Millennium Group International over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Millennium Group's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Millennium Group's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Very volatile
   Other Current Assets   
       Timeline  

Millennium Other Current Assets Regression Statistics

Arithmetic Mean1,091,046
Geometric Mean1,070,836
Coefficient Of Variation20.57
Mean Deviation126,207
Median1,073,563
Standard Deviation224,383
Sample Variance50.3B
Range928.1K
R-Value(0.05)
Mean Square Error54.1B
R-Squared0
Significance0.85
Slope(2,672)
Total Sum of Squares704.9B

Millennium Other Current Assets History

2024998.6 K
2023711.8 K
2022790.9 K
20211.5 M
20201.6 M

About Millennium Group Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Millennium Group income statement, its balance sheet, and the statement of cash flows. Millennium Group investors use historical funamental indicators, such as Millennium Group's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Millennium Group investors may use each financial statement separately, they are all related. The changes in Millennium Group's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Millennium Group's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Millennium Group Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Millennium Group. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Current Assets711.8 K998.6 K

Currently Active Assets on Macroaxis

When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:
Check out the analysis of Millennium Group Correlation against competitors.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Millennium Group's price analysis, check to measure Millennium Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Millennium Group is operating at the current time. Most of Millennium Group's value examination focuses on studying past and present price action to predict the probability of Millennium Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Group's price. Additionally, you may evaluate how the addition of Millennium Group to your portfolios can decrease your overall portfolio volatility.
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Is Millennium Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millennium Group. If investors know Millennium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millennium Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Earnings Share
(0.03)
Revenue Per Share
4.426
Quarterly Revenue Growth
(0.37)
Return On Assets
(0.01)
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.